514, Axis Residences 5
Sold prices and rental history: sold once, by the developer in March 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, Axis Residences 5
What is 514 worth today?
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Source: Dubai Land Department. Updated 1 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 5th of 8
- Parking
- 81
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 11,500 /yr
- Last sold
- AED 633K · March 2015
- Building
- Axis Residences 5
About 514, Axis Residences 5
514 is a one-bedroom apartment of 844 sqft on the 5th floor of Axis Residences 5, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. The developer sold it on 19 March 2015 for AED 632,515, or AED 749 per sqft, 26% above the AED 595 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 1 June 2023, is AED 38,000 a year: a gross yield of 6.0% on the 2015 price, before the service charge of about AED 11,500 a year.
Sales and rents for 514 over time
514 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Axis Residences 5, and where 514 sits
All 112 1-beds →514 last sold in March 2015 at AED 749 per sqft, 26% above what one-beds in Axis Residences 5 were fetching at the time (AED 595). Over the last 12 months one-beds sold for AED 250,000 to 625,000, around AED 765 per sqft, and rent for AED 35,000 to 70,800 a year. 514's AED 38,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Jul 20262 July 2026 | 844 sqft | 620,000 | 734 | ||
| 8 Apr 20268 April 2026 | 364 sqft | 250,000 | 686 | ||
| 23 Mar 202623 March 2026 | 762 sqft | 625,000 | 820 | ||
| 17 Mar 202617 March 2026 | 797 sqft | 610,000 | 765 |
Axis Residences 5
Building112 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Gulf General Investments Co. 7 sold in the last 12 months.
- Typical price per sqft
- AED 765
- Typical sale
- AED 615K
- Typical rent
- AED 48K /yr
- Typical yield
- 8.0%
Other units on the 5th floor
All 112 units in Axis Residences 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 762 sqft | AED 565KAED 565,291 · Mar 2014March 2014 | 40,000 /yr | |
| 502 | 1-bed | 652 sqft | AED 300KAED 300,000 · Jun 2022June 2022 | 38,500 /yr | |
| 503 | 1-bed | 854 sqft | AED 500KAED 500,000 · Apr 2024April 2024 | 50,000 /yr | |
| 504 | 1-bed | 855 sqft | AED 490KAED 490,000 · Apr 2024April 2024 | 51,000 /yr | |
| 505 | 1-bed | 758 sqft | AED 590KAED 590,000 · Dec 2015December 2015 | 50,000 /yr | |
| 506 | 1-bed | 398 sqft | AED 573KAED 573,236 · Feb 2020February 2020 | 45,000 /yr | |
| 507 | 1-bed | 855 sqft | AED 638KAED 638,015 · May 2015May 2015 | 60,000 /yr | |
| 508 | 1-bed | 808 sqft | AED 600KAED 600,000 · Sep 2015September 2015 | 60,000 /yr | |
| 509 | 1-bed | 729 sqft | AED 615KAED 615,000 · Feb 2026February 2026 | 48,000 /yr | |
| 510 | 1-bed | 867 sqft | AED 650KAED 650,000 · May 2016May 2016 | 70,800 /yr | |
| 511 | 1-bed | 889 sqft | AED 345KAED 345,000 · Dec 2020December 2020 | 35,000 /yr | |
| 512 | 1-bed | 610 sqft | AED 250KAED 249,500 · Jun 2017June 2017 | 33,000 /yr | |
| 513 | 1-bed | 392 sqft | AED 552KAED 551,847 · Feb 2018February 2018 | 48,000 /yr |
514, Axis Residences 5 in numbers
- Sold once: by Gulf General Investments Co on 19 March 2015 for AED 632,515, or AED 749 per sqft.
- Rented since October 2012 on 7 Ejari contracts. The rent fell from AED 34,000 to AED 30,000 in 2021 and recovered to AED 38,000 by June 2023.
- At AED 38,000 a year the gross yield on the 2015 price is 6.0%, before a service charge of about AED 11,500 a year (AED 13.65 per sqft).
- One-beds in Axis Residences 5 sold for AED 250,000–625,000 in the 12 months to November 2026; the building's median across all types is AED 765 per sqft.
Source: Dubai Land Department. Updated 1 June 2023.
Questions about 514, Axis Residences 5
What did unit 514 last sell for?
AED 632,515 on 19 March 2015, sold by the developer: AED 749 per sqft for 844 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 38,000 a year on the contract signed on 1 June 2023. The previous contract, from April 2021, was AED 30,000; the unit has been rented since October 2012.
How big is unit 514?
844 sqft (78.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 514 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Axis Residences 5 sold for AED 250,000 to 625,000 in the last 12 months, around AED 765 per sqft.
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Mortgage on 514, Axis Residences 5
Starts from the last sale price (AED 633K, 19 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 632,515
- Deposit, UAE resident (20%)
- AED 126,503
- Deposit, non-resident (40%)
- AED 253,006
- Monthly over 25 years at 3.7%
- AED 2,588
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →